"We continue to get strong economic releases out of the United States," said Richard Scalone, co-head of foreign exchange at TJM Brokerage in Chicago. Analysts said the weak German business sentiment underscored the impact of tensions surrounding Russia and Ukraine on Germany, Europe's biggest economy.» Read More
Since its June lows, the Euro ETF has climbed about 11% with the euro now sitting comfortably at 1.32 against the dollar.
For weeks, the money market correctly signaled a reduction in worry about the global banking system, continuing to act more like a liquidity market than a credit market ahead of the release of Europe's stress test results a week ago Friday and in its aftermath. If there's one place worries about banks will show up it is in the money market, where inter-bank rates are set.
The governor of the Hungarian Central Bank has it worse than most. Not only has the new government placed the blame on him, among others, for Hungary's stagnant economy, it has slashed his salary by 75 percent. The NYT reports.
The July rise in wheat prices, the fastest in 51 years, indicates that shortages in agriculture are coming, Jim Rogers, chairman of Rogers Holdings, told CNBC.com Tuesday.
The monthly sales reports will be issued by car makers throughout the day and are expected to show an annualized selling rate of 11.4 million vehicles, up from 11.1 million last month.
The market does not like unpredictability, and we are headed into August with more questions than answers. That weighs on confidence. And that could make the next couple months much more difficult than July.
We think there are meaningful differences between the US today and Japan during the '90s. High on our list is the difference in wages. A straight forward construct of inflation reveals employee earnings are a primary driver. During the early part of the 1990s wages in Japan were averaging around 2.0%.
The West is only half the way through a 20-year secular downturn that will not end until the children of the US baby boomers begin to flex their financial muscle in about 10 years time, according to Robin Griffiths, a technical strategist at Cazenove Capital.
A week after the authorities released results of stress tests on the largest European banks, market data is starting to provide an indication of whether the exercise had the desired effect on confidence. The answer: sort of. The NYT explains.
Economic reports on jobs, manufacturing and the consumer could be what trips up stocks in the week ahead, deflating some of July's 7 percent gain.
Stocks head into the final day of July with the best monthly gain in a year, yet July's hot performance has only sparked debate about what August will bring.
Weekly jobless claims will again be a big event for Thursday's markets, and economists think the number will not really show any improvement.
Europe has chosen the wrong way to cut debt and unfortunately the United States will follow, Dennis Gartman, author and publisher of the Gartman Letter, told CNBC Wednesday.
Durable goods orders for June due Wednesday could have as much directional sway with stocks as the flood of earnings news coming from companies like Boeing, Conoco Phillips and Comcast.
Does the price action on major banks in Europe tell investors that the continent is now not a threat to risk appetite and that Wall Street can mount a sustained rally without a repeat of May’s negative blow-up?
A new recession would be due around 2012 but central banks will not be able to throw cash at it anymore, Jim Rogers, chairman of Rogers Holdings, told CNBC Tuesday.
Earnings news Tuesday may again be the catalyst for a stock market that's showing improving technical strength.
No way only 7 of 91 European banks could pass a real stress test. No way could only €3.5 billion in new capital be needed. When the US tested 19 banks a little while ago, 10 were found to be deficient, and $75 billion in new capital had to be raised. It's ok if everyone at MIT passes every test.
After a highly anticipated week of leaks and rumors over how many, and which banks, will pass or fail the "stress test", the results are in. Only seven of 91 European banks flunked. Such a surprise... well, not really.
The pan-European stress tests on the banking sector were not tough enough to reflect future worsening conditions for the continent's economy, Nouriel Roubini told CNBC.com.